HomeStreet Sends Letter to Shareholders - Seite 4

• Appointed Lead Independent Director in July 2018, independent director since March 2015 and serves on the Audit, Executive and the Enterprise Risk Management Committees
• Extensive independent boardroom experience serving on public company boards as well as city governance boards, including:
  • Elected to the board of Simplicity Bancorp in December 2001; elected Independent Chairman in October 2013; served on the audit committee from 2011 to March 2015 and oversaw the sale of Simplicity Bancorp to HomeStreet in March 2015
  • Current member of the board of trustees and the executive board and serves as chair of the Planning Committee of Descanso Gardens Guild, Inc.
  • Elected council member of the City of La Cañada Flintridge from 2006 to 2015, and served as its mayor from 2010 to 2011
• Over 25+ years of experience as a commercial banking and financial expert

It is Time to Move Forward and Continue Executing on HomeStreet’s Strategic Plan

Important work lies ahead as we continue to execute on our strategic plan that has produced positive results. Progress is already underway as we successfully transform HomeStreet into a leading West Coast regional commercial bank.

Earlier this year, we announced our decision to sell a significant portion of our mortgage origination and servicing operations. On April 4, 2019, HomeStreet entered an agreement to sell assets related to its home loan center-based single-family mortgage origination business to HomeBridge Financial Services, Inc., as well as the sale of a majority of its mortgage servicing rights portfolio. Then, on June 6^th, we announced the initial closing of the sale of assets and transfer of offices and personnel to Homebridge Financial Services, Inc.

Following the discontinuation of our Mortgage Banking Segment, we are now focused on corporate-wide efficiency improvements to build on our success with the Commercial & Consumer Bank.

Now, with the 2019 Annual Meeting quickly approaching, we ask for your support to continue to move forward to pursue the many opportunities available to HomeStreet. As our stock price indicates, this strategic plan is already bearing positive fruit.

As this proxy contest comes to a close, we ask you, our shareholders, to make the right decision to position our Company for lasting success. Donald R. Voss, as Lead Independent Director, and Mark K. Mason, as Chairman and CEO, are essential members of the Board and play major roles when it comes to strategy, execution and shareholder engagement. Roaring Blue Lion’s remaining nominee, Mr. Ronald Tanemura, would not bring any experience or expertise that would be additive to the optimal mix of banking industry, investing, risk management and leadership experience that the Board currently possesses. Furthermore, Mr. Tanemura sits on a public company board which is classified and whose CEO and Chairman are the same individual, while at the same time Roaring Blue Lion is criticizing HomeStreet for these same items.